Rubber Accelerator returns to firmer trading band
Rubber Accelerator recovered this week as prices rose Rs 6/kg after a spell of little movement. Indian Rubber Accelerator prices closed at Rs 442/kg on 26 June, compared with Rs 436/kg a week earlier. The increase gives the domestic market a reclaim angle, not a breakout, because prices remain below the recent high seen earlier in the year. The latest move also ended a relatively quiet phase, bringing fresh activity into the weekly price tracker.
The fortnight comparison shows Rubber Accelerator up Rs 12/kg, while the one-month comparison shows a rise of Rs 25/kg. The longer trend is stronger, with prices gaining Rs 144/kg over three months, Rs 167/kg over six months, and Rs 172/kg year on year. Indian Rubber Accelerator prices have recently moved within a wider band marked by a high near Rs 452/kg and a lower reference close to Rs 265/kg. Rubber Accelerator prices in India are now positioned closer to the upper side of that range. Support is seen around Rs 436/kg, while resistance is placed near Rs 452/kg,Rubber Accelerator, Rubber Chemicals, Specialty Chemicals, Chemical Markets, Petrochemicals.
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